The new generation of distributed data storage public chain CDS, everyone is their own data manager

Streaking in the information age, we will always be held hostage and betrayed by data. Because your data does not belong to you.

Since 2018, we have actually seen the iteration of privacy projects to privacy computing. This phenomenon represents the trend of the development and application of some technologies.

After analyzing and deconstructing these projects and verifying market demand, we believe that in today’s blockchain storage projects, who wants to take the first shot of private computing must take the lead in establishing a “distributed data lake” in the storage sector.

Decentralized data structure

The decentralized data structure is the basis of decentralized privacy computing. It is very simple, that is, the data is scattered among the producers and exists in our mobile phones, computers and other terminal devices. The current IPFS, XCH, and Swarm are all distributed storage projects.

In a decentralized data structure, data is stored locally, and all data needs to be encrypted, and the App you are using cannot obtain your data unless you actively provide interaction to the App or allow authorization.

In this scenario, what we expect is: the platform cannot take our data without authorization. But this only represents the formed stored data. And we have a lot of data that needs to be processed by a centralized server.

For example, by joining a social media, our user name, mobile phone number, email address and other data are easily exposed. Ideally, others will not be able to see the data that we choose not to disclose. The key is that the platform should also be invisible to the data. Visible, or unavailable.

This requires the platform to have some basic functions, and the functions of the platform must be reflected in the development functions behind it. This is about the blockchain projects we know, such as whether the account ID has privacy functions and information access permissions. set up.

CDS (Commercial Data Storage - is working hard in this regard, because blockchain and cryptocurrency have some natural privacy features, such as the ownership of the blockchain, the permissionlessness of cryptocurrency, and the anonymity of addresses. It’s just that when the data really forms a certain volume, most of the business is closely related to life, so there will be kyc after the anonymity, after the kyc, the privacy of the data and the privacy calculation, it is understandable that it becomes the most important part.

Some people say that the most valuable asset in the future is data. The CDS financial storage protocol is a new generation public chain project that also has important functions such as data encryption, distributed storage, and data privacy. In the future, the user’s data will truly belong to the user on the CDS chain.

*There are risks in the market, and investment needs to be cautious. This article does not constitute finance advice.

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Caesar Bruce

a finance,blockchain & fintech enthusiast,loves to focus on some altcoins and new fintech project.Remember Do Your Own Research.